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{{General header}} | |||
== Two parts in the market == | |||
{{ | |||
== Two parts in the market == | |||
In any commercial market we recognize | In any commercial market we recognize | ||
* the supply side and | * the supply side and | ||
* the [[demand]] side. | * the [[demand]] side. | ||
We do have some more information on the rooms: for the other sources of income like [[banqueting]] and [[food and | We do have some more information on the rooms: for the other sources of income like [[banqueting]] and [[food and beverage]] we do not have this kind of information. But using some logic's you can try to do some estimates on the market situation there: like the [[banqueting#Demand in the market for banqueting| demand in the market for banqueting]] and [[food and beverage#Demand in the market for food and beverage| demand in the market for food and beverage]]. | ||
== Supply == | == Supply == | ||
In the starting situation in the [[city]] there are 10 hotels offering each 100 [[rooms]] during 364 days (the rounded up number of days) in a year. So the total supply in the total number of possible nights to book offered in the market is 10 hotel x 100 rooms x 364 days in a year = 364,000 available room nights per year. <br> | |||
The supply side will not change during the | The supply side will not change during the Game: we presume all hotels will keep on offering their 100 rooms during 364 days. The numbers of weekdays and weekend days, obviously, will not change either. | ||
== Demand == | == Demand == | ||
The total demand is the total number of rooms nights asked for in the market. The occupancy rate of all ten identical hotels on taking over the Emerald Forest is 50%. So the total of the market asks for 50% of 364, | The total demand is the total number of rooms nights asked for in the market. The occupancy rate of all ten identical hotels on taking over the Emerald Forest is 50%. So the total of the market asks for 50% of 364,000 available nights so 182,000 in total. | ||
Due to the fact that there is an [[oversupply]] in the market there is an overcapacity. All the hotels active in your city together offer more room capacity then there is [[demand]] in year. | Due to the fact that there is an [[oversupply]] in the market, there is an overcapacity. All the hotels active in your city together offer more room capacity then there is [[demand]] in a year. | ||
== Changes on the demand site == | == Changes on the demand site == | ||
The demand side will | The demand side will shift mildly over the years, so is the expectation. Market research companies, like [[Top Research]], off you (paid) reports and predictions on this. The total demand will differentiate due to activities of the teams. | ||
<br><hr> | <br><hr> | ||
Latest revision as of 13:26, 5 September 2023
Two parts in the market
In any commercial market we recognize
- the supply side and
- the demand side.
We do have some more information on the rooms: for the other sources of income like banqueting and food and beverage we do not have this kind of information. But using some logic's you can try to do some estimates on the market situation there: like the demand in the market for banqueting and demand in the market for food and beverage.
Supply
In the starting situation in the city there are 10 hotels offering each 100 rooms during 364 days (the rounded up number of days) in a year. So the total supply in the total number of possible nights to book offered in the market is 10 hotel x 100 rooms x 364 days in a year = 364,000 available room nights per year.
The supply side will not change during the Game: we presume all hotels will keep on offering their 100 rooms during 364 days. The numbers of weekdays and weekend days, obviously, will not change either.
Demand
The total demand is the total number of rooms nights asked for in the market. The occupancy rate of all ten identical hotels on taking over the Emerald Forest is 50%. So the total of the market asks for 50% of 364,000 available nights so 182,000 in total.
Due to the fact that there is an oversupply in the market, there is an overcapacity. All the hotels active in your city together offer more room capacity then there is demand in a year.
Changes on the demand site
The demand side will shift mildly over the years, so is the expectation. Market research companies, like Top Research, off you (paid) reports and predictions on this. The total demand will differentiate due to activities of the teams.
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